Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric vehicle startup Fisker said Wednesday it is on track to begin… Continue reading Fisker confirms production of the Ocean SUV will start later this month, now has over 62,000 reservations
Author: CNBC Online news
Luminar says it has begun production of its automotive lidar units ahead of schedule
Luminar showcased the first passenger vehicle, a Toyota RAV4, fully integrated with the company’s Iris lidar, which is on-track for series production with its partners starting in late 2022. Luminar Automotive sensor company Luminar said it has begun production of its Iris lidar units for an automaker client, a major milestone that it had previously… Continue reading Luminar says it has begun production of its automotive lidar units ahead of schedule
Wells Fargo, Ford and Apple are in the news. Here’s our take on the Club stocks
Club holdings Wells Fargo (WFC), Ford (F) and Apple (AAPL) are in the news Wednesday, with potential implications for our investment outlook. Here are the noteworthy headlines of the day, along with the Club take. Wells Fargo The news: Wells Fargo could initiate another round of layoffs at its home mortgage division amid a collapse… Continue reading Wells Fargo, Ford and Apple are in the news. Here’s our take on the Club stocks
Ford’s October sales slide 10% amid supply chain issues
Ford F-150 pickup trucks at a dealership in Colma, California, on Friday, July 22, 2022. David Paul Morris | Bloomberg | Getty Images DETROIT – Ford Motor’s U.S. sales last month declined by 10% as the automaker battled through supply chain issues that delayed shipments to dealers. The Detroit automaker on Wednesday reported sales of… Continue reading Ford’s October sales slide 10% amid supply chain issues
Ferrari raises its 2022 guidance again on red-hot demand for sports cars
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its guidance for the full year after shipments, revenue and earnings per share all rose by double-digit percentages during the third quarter. Still,… Continue reading Ferrari raises its 2022 guidance again on red-hot demand for sports cars
Ad giant IPG advises brands to pause Twitter spending after Musk takeover
The Twitter logo is seen on a mobile device in ths illustration photo in Warsaw, Poland on 30 October, 2022. Twitter is losing its most active users according to research done by Reuters. Despite the most impactful tweeters making up only 10 percent of the monthly users they are together responsible for 90 percent of… Continue reading Ad giant IPG advises brands to pause Twitter spending after Musk takeover
Our guide to semiconductor companies and how their chips run our everyday lives
The semiconductor, or chip, industry is perhaps one of the most important and complex sectors in the stock market to understand. Chips are in everything from our smartphones to cars and to all facets of computing, from PCs to massive data centers used for the cloud. Put simply, they are the bricks and mortar of… Continue reading Our guide to semiconductor companies and how their chips run our everyday lives
Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover
The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images New Twitter owner Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, into his Twitter takeover, CNBC has learned. Musk, who is CEO… Continue reading Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover
Self-driving truck startup TuSimple fires its CEO over improper ties to a Chinese firm
TuSimple, partly owned by UPS, makes self-driving trucks, a technology that may be among the innovations to help lower longer-run inflation in the transport sector. Source: TuSimple Self-driving truck startup TuSimple has fired its CEO, Xiaodi Hou, after an internal investigation found improper dealings and possible tech transfer to a Chinese firm led by TuSimple’s… Continue reading Self-driving truck startup TuSimple fires its CEO over improper ties to a Chinese firm
Derek and Hannah Jeter sign multiyear deal with Jeep to promote Grand Wagoneer SUV
Derek Jeter will star with his wife, fashion model and television host Hannah Jeter, in the Grand Wagoneer’s new “Eyes Wide Open” campaign as part of a long-term partnership. Jeep DETROIT — New York Yankees legend Derek Jeter and his wife, Hannah Jeter, have agreed to a multiyear deal with Jeep to promote the company’s… Continue reading Derek and Hannah Jeter sign multiyear deal with Jeep to promote Grand Wagoneer SUV